After the new record of the proportion of transactions that use technology Segregated Witness (SegWit) in the chain of blocks of Bitcoin, community members have said that the increase could be linked to the activity of the service Veriblock. Such is the case of the CEO of the payment processor Bitrefill, Sergej Kotliar, who made the claim on Tuesday, September 17, through your account on the social network Twitter.Kotliar argued that following a review of the network, he discovered that there is only one entity that submits transactions SegWit by the order of 50 thousand daily, and it is precisely a matter of Veriblock. In his tweet, Kotliar also points out that the responsible of this service “boast about it” in a press release published on Monday 16 September.
It turns out there’s only one entity that does on the order of 50k transactions per day. And brags about it.That’s right, Veriblock: https://t.co/0pcpZB0UXO— Sergej Kotliar (@ziggamon) September 17, 2019
In the above statement, VeriBlock announces added support SegWit to your protocol, and that now the participants of your network can benefit from a reduction of 28.9% on the cost of the transaction. Remember that Veriblock is a sidechain (side-chain) that offers a service that allows any blockchain inherit the security of Bitcoin. To this end, Veriblock records its transactions in the chain of blocks of Bitcoin, taking advantage of the processing power of this network.“VeriBlock it really does take a bigger portion of the string of blocks of Bitcoin real on the disk, and the same amount of ‘weight’ in block,” says the press release, which is released in addition to the alpha version of a miner based on its protocol of consensus PoP (Proof of Proof), enabled SegWit.Kotliar pointed out that, in fact, the number of transactions bench32 (SegWit) increased between 100% and 200%, coinciding with the adoption of SegWit by Veriblock. In this regard, the developer of Bitcoin Core Luke Dashjr referred to the service Veriblock as spammers (accounts dedicated to sending junk mail) and noted that they were abusing the “increase in the size of the block,” which provides for the use of SegWit.
So it turns out (not so surprisingly) that spammers are abusing #Segwit’s block size increase to gain an advantage over legit #Bitcoin users. ?Reducing the block size limit could rebalancing this unfair advantage / bad incentive Segwit you’ve created. https://t.co/p6nO4P0EW0— Luke Dashjr (@LukeDashjr) September 17, 2019
“To reduce the size limit of the block could re-balance this unfair advantage / bad incentive that Segwit has created,” said Dashjr in a tweet.The publication generated a number of views against users that argue that the activity of Veriblock is not incompatible with the rules of the network of Bitcoin. “If you pay the rate of mining, is a user of Bitcoin ‘lawful’. As simple as that”, he refuted a user identified as Max. However, Luke Dashjr held that a block size of 256 kB could “solve solve reasonably the problem of incentive SegWit, which is around 500 kB”.Other users consider that you simply the market will solve the situation. “If your transactions are not sufficiently valuable, may not be able to compete for the space,” said a tweeter who identifies as Kosnakov. The cryptographer Adam Back, inventor of the Hashcash, an ancestor of the Proof-of-work of Bitcoin, agreed with that statement.
It incentivises veriblock miners to compete with each other by making timestampint transactions in Bitcoin to claim a share of veriblock reward. So the lower veriblock price is or higher Bitcoin price is the less veriblock transactions there will be.— Adam Back (@adam3us) September 17, 2019
It incentivizes the miners of Veriblock to compete among themselves to perform transaction timestamp in Bitcoin to claim a share of the reward of Veriblock. Then, a lower price of Veriblock or a higher price of bitcoin, will determine a lower number of transactions Veriblock.Adam Back, Cryptographer.
In this sense, Back asserts that the increases in the valuation of bitcoin will be more expensive the space in the string. If this fact is combined with low prices Veriblock, it could discourage the mining BKV, the token of the project, and decline in volume of transactions.It is in the environment the discussion on whether the use of the term “spam” is valid in a public network, available to any participant who can pay the fees of processing the transaction.